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PH plc operates a modern factory that changes chemicals into fertilizer. Due to the the demand for its product is seasonal, the company expects that there will be an average level of idle time equal to 20% of hours paid. This is incorporated into the companyís standard costs, and the standard labour rate of Rs.6.00 per hour paid is then adjusted accordingly. Any difference among the expected and the original amount of idle time is reported as the ëidle time varianceí and is valued adjusted wage rate.
(a) Measure the idle time variance and the efficiency variance for April.
(b) (i) Using the data provided and your answer to (a) above as appropriate, prepare a percentage variance chart that determine the trend of these variances. (Use graph paper and show both variances on the similar chart.)
(c) Explain shortly the factors that should be considered before deciding to investigate a variance.
Derive a truth table for a combinational logic circuit that is to decode a 4-bit BCD representing a number in the range 0-9 and generate an appropriate 7-bit output to illuminate t
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Prepare answers to each of the following questions. Assume a tax rate of 30%. (i) Harry Ltd has a balance of prepaid rent in the balance sheet amounting to $100 000 as at 30 Ju
Traditional budgeting systems are incremental in nature and tend to focus on cost centres. Activity-based budgeting links business planning to the budgeting proces
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on june 2005 20 units of the product in stock the following is extracted from the companys books direct material-200 per unit,direct labour 150 per unit, variable production overhe
In most situations this will be essential to grant credit to customers. It may be essential either due to competition or because of the custom of trade. Though, when we grant credi
These sources of funds are resources increased from outside the organization to augment funds availability for any of the utilizations to be discussed later. Generally, there are o
Cube Manufacturing began two jobs during May 200X. The company had no beginning inventory. The following information is available:
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